F.N.B. Capital Corporation Case Study
Management Buyouts

 

Alturna Mats

AlturnaMATS: Titusville, PA The General Manager of this Titusville-based manufacturer of ground protection mats and related products contacted F.N.B. Capital to facilitate a management buyout of the company from its existing owners.

 

 

Actions

  • The funding provided by F.N.B. Capital supported the acquisition strategy, creating an opportunity for the General Manager to take control of the company, while providing a liquidity event for the existing owners.
  • With F.N.B. Capital’s tactical, strategic, and financial support, the General Manager was able to double the size of the company following the acquisition.

 

Results

  • AlturnaMATS has successfully implemented several growth strategies and has nearly doubled revenue since the acquisition.
  • While working with F.N.B. Capital, the prudent management team has implemented process improvements, which have reduced waste, increased efficiencies, and enhanced profitability.
  • AlturnaMATS continues to be the market leader in the ground protection mat market and has established strategic alliances with several notable equipment manufacturers for private label distribution.